COSCO Shipping Energy (1138.HK)_ 1Q25 results missed on a lower freight rate with cost increase; restocking remains the market focus
2025-05-06 02:29
30 April 2025 | 11:37AM HKT 更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 COSCO Shipping Energy (1138.HK) 1Q25 results missed on a lower freight rate with cost increase; restocking remains the market focus COSCO Shipping Energy's share prices (A/H) have retreated by 10%/3% YTD (vs. +11%/-4% for HSCEI/CSI 300), likely reflecting the missed freight rate and the implied potential dilution of 17% (see calculation below) under the terms of the private placement. Going forward, we believe the market focus will be the VLCC-TCE (Ch ...